Press release
Innovations in Vehicle Exhaust Hose Systems: A 2023 Perspective
Covid-19 Scenario:
The outbreak of the COVID-19 pandemic had a negative impacted on the global vehicle exhaust hose market, owing to implementation of stringent lockdown that led to temporary closure of car production activities.
Ban on import & export activities led to sudden decline in availability of essential raw materials for vehicle components. As a result, supply chains were disrupted and production schedules were delayed.
To prevent the spread of coronavirus, governments across every nation made social distancing compulsory, due to which, market players faced shortage of labor.
Nevertheless, in the post-pandemic, the market recovered quickly with the increase in vehicle sales.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ- https://www.alliedmarketresearch.com/request-sample/17607
The research provides detailed segmentation of the global vehicle exhaust hose market based on type, end use, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.
Based on type, the single layer segment held the highest share in 2021, accounting for around half of the global vehicle exhaust hose market, and is expected to continue its leadership status during the forecast period. In addition, the same segment is expected to register the highest CAGR of 4.3% from 2022 to 2030. The report also analyzes the double layer and three layer segments.
Based on end use, the commercial cars segment accounted for the highest share in 2021, holding nearly three-fifths of the global market, and is expected to continue its leadership status during the forecast period. In addition, the same segment is expected to register the highest CAGR of 4.2% from 2022 to 2030. Other segment mentioned in the report include passenger cars.
Based on region, North America held the largest share in 2021, contributing to more than one-fourth of the total market share, and is projected to maintain its dominant share in terms of revenue in 2030. However, the Asia-Pacific region is expected to manifest the fastest CAGR of 4.6% during the forecast period. The research also analyzes regions including Europe and LAMEA.
Leading market players of the global vehicle exhaust hose market analyzed in the research include Air Cleaning Specialists, Inc., Nederman Holding AB, Masterflex Group., Novaflex Group, Eurovac, Flexaust Inc., Precision Hose & Expansion Joints, BISCO Enterprise, Inc., Dayco Products, LLC, and KEMPER GmbH. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/17607
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐:
Automotive Engine Belt and Hose Market- https://www.alliedmarketresearch.com/automotive-engine-belt-hose-market
Aircraft Hose Fittings Market- https://www.alliedmarketresearch.com/aircraft-hose-fittings-market
Hydraulic Hose Market- https://www.alliedmarketresearch.com/hydraulic-hose-market-A11724
Aircraft Refueling Hose Market- https://www.alliedmarketresearch.com/aircraft-refueling-hose-market-A13207
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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